Management takeover at Afena Capital
Friday, June 17, 2016
In a transaction that is still before regulators, the local management team is acquiring an additional 51% in the Botswana firm from South African parent company, Afena Capital. “We are excited about the opportunities available for Afena Capital Botswana with these changes within our firm.
This enhances our business and achieves the desired effect of ensuring that Batswana citizens will hold majority of the proposed shareholding acquired,” said managing director Bakang Seretse.
The recent disclosure by the IEC that 2,513 registrations have been turned down due to various irregularities should prompt all Batswana to meticulously review the voters' rolls and address concerns about rejected registrations.The disparities flagged by the IEC are troubling and emphasise the significance of rigorous voter registration processes.Out of the rejected registrations, 29 individuals were disqualified due to non-existent Omang...